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A high initial-margin requirement will discourage "undue speculation" in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.
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Patel Chem Specialities' 58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME.
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ICICI Prudential AMC's Anand Shah notes muted global ferrous metal profitability due to strong Chinese exports, impacting steel company earnings. He is optimistic about margin recovery in select chemicals and metals, citing attractive valuations. While positive on manufacturing, particularly defense and railways, valuations are becoming less appealing. Cement sector consolidation and potential demand growth offer opportunities.
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